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Mattel and Fisher Price will pay a $2.3 million fine for their role in the lead contamination toy scandal in 2007. (source)
In other Mattel news, Mattel is jumping on the movie bandwagon, with plans to adapt one of its toys to the big screen. Could be Rock’em Sock’em Robots? (source)
And the makers of Bratz, the first doll to seriously compete with Mattel’s Barbie, lost control of the doll to Mattel, since the inventor had the idea for the doll while he was still working at Mattel. MGA Entertainment, current license holder, is filing an appeal. (source) Last we heard, winning Bratz hadn’t helped Mattel much, as Bratz dolls were being dumped at low prices into the market, displacing even more Barbie sales.
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